Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1641 La Salle Ave San Francisco, CA 94124-2157

    • Office buildings
    • 3,256 SF
    • 0.03 lot acres
    OFF-MARKET
    Last Sale
    Apr 20, 2022
    $1,075,000
    Value Estimations
    $1,075,000
    Show details
    Cap Rate Potential
    8.8%
    Office buildings
    Location Intelligence
    Property ID
    US09-5800424
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Bayview Access Point | Catholic Charities / Non-Profit Organization / Homeless Service

    Property Details for 1641 La Salle Ave

    Year built
    1960
    Construction
    WOOD
    Lot size
    0.03 lot acres
    Property size
    3,256 SF
    Zone code
    NC3
    Property type
    Office buildings
    APN
    5296 -023A
    APU
    5296023A

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $975,000
      ML approach
      $945,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,425,000
      6.5%
      $1,315,000
      7%
      $1,225,000

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,560,000
      Current use
      RETAIL STORES
      $1,660,000
      Change: +6% Conversion: Moderate

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    San Francisco
    County
    San Francisco
    State
    California
    Longitude
    -122.39
    Latitude
    37.7369
    CBSA code
    41860
    CBSA name
    SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $14,837
    $839,426
    $359,754
    $1,199,180
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      1,100 SF

      91 Elmira St

      OFFICE BUILDING • 1,100 SF
      91 Elmira St, San Francisco, CA 94124
      View Details
    • Value Estimation
      $20,075,000
      109,856 SF

      1485 Bay Shr Blvd

      OFFICE BUILDING • 109,856 SF
      1485 Bay Shr Blvd, San Francisco, CA 94124-3002
      View Details
    • Value Estimation by Request
      1,212 SF

      6315 3rd St

      OFFICE BUILDING • 1,212 SF
      6315 3rd St, San Francisco, CA 94124-3501
      View Details
    • Value Estimation by Request
      5,240 SF

      5005 3rd St, Unit 5009

      OFFICE BUILDING • 5,240 SF
      5005 3rd St, San Francisco, CA 94124-2397
      View Details
    • Value Estimation by Request
      0.04 Acres

      1425 Mendell St

      OFFICE BUILDING • 0.04 Acres
      1425 Mendell St, San Francisco, CA 94124-2315
      View Details
    • Value Estimation by Request
      800 SF

      1414 Wallace Ave

      OFFICE BUILDING • 800 SF
      1414 Wallace Ave, San Francisco, CA 94124-3318
      View Details

    Similar Nearby for Sale

    • $1,398,000

      Bayshore Blvd Auto Repair Shop

      Highly visible location with auto repair shop and office space.
      380 Bay Shore Blvd, San Francisco, CA 94124
      View Details
    • $1,500,000
      3,150 SF

      Industrial Flex Space with Loft

      Versatile industrial flex space with modern office loft in San Francisco.
      3450 3Rd St, San Francisco, CA 94124
      View Details
    • $3,000,000
      8,000 SF

      San Francisco Industrial Space Available

      Industrial space with office, convenient location, and ample power.
      1355 Fitzgerald Ave, San Francisco, CA 94124
      View Details
    • $1,699,000
      3,575 SF

      San Francisco Auto Shop - $1.7M

      Prime Bayview Auto Shop, High Visibility
      1449 Mendell St, San Francisco, CA 94124
      View Details
    • $700,000

      Bayview Industrial Triangle Development Site

      Prime development site in San Francisco's Bayview Industrial Triangle.
      4128 3Rd St, San Francisco, CA 94124
      View Details
    • $998,000
      3,293 SF

      1190 Shafter Avenue

      Prime Light Industrial Space in San Francisco
      1190 Shafter Ave, San Francisco, CA 94124
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      25,266 SF

      Potrero Business Center: San Francisco

      Prime SF Industrial/Medical Space Available
      1740-1760 Cesar Chavez St, San Francisco, CA 94124
      View Details
    • Contact for pricing
      121,097 SF

      Prime SF Industrial/Office Space

      121,097 SF, divisible, secure yard.
      1300 Carroll Ave, San Francisco, CA 94124
      View Details
    • $12 SF/Yr
      11,200 SF

      Creative Space with Natural Light

      Refurbished creative space featuring abundant natural light and free parking.
      1485 Bay Shore Blvd, San Francisco, CA 94124
      View Details
    • $15 SF/Yr
      74,923 SF

      San Francisco Industrial/Office Space

      Executive Suites & Warehouse Available
      1313 Armstrong Ave, San Francisco, CA 94124
      View Details
    • $19 SF/Yr
      15,000 SF

      Mission Bay Industrial Gem

      15,000 SF Flex Space Available
      70 Elmira St, San Francisco, CA 94124
      View Details
    • Contact for pricing
      6,750 SF

      Freestanding Bank Building For Sublease

      Freestanding bank building with dedicated parking and existing ATM.
      4947 3Rd St, San Francisco, CA 94124
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1641 La Salle Ave
    San Francisco, CA 94124-2157
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.